I have read up on atimic transactions and think that it is a very good idea.
Should not be too difficult to implement i think.
I vote to implement AT as soon as possible!
Topic: NXT :: descendant of Bitcoin - Updated Information - page 1021. (Read 2761645 times)
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In terms of traditional trading assets, tradings coins is really fast/disturbing/day-trading with 100% profit/loss. Revolutionary.
Something, that came to my mind recently, would be allowing even more highly-speculative ways of trading.
Let's start with:
- options
- short sales
What do you think?
Something, that came to my mind recently, would be allowing even more highly-speculative ways of trading.
Let's start with:
- options
- short sales
What do you think?
Although the Nxt Asset Exchange will be a useful addition I think that we are missing something that could be much more useful (and perhaps a "killer" addition) and that is "atomic cross-chain crypto-currency transfers" (some of you would recall I've already mentioned it).
As far as I can tell no-one has actually built such a system and also so far I can't even tell if such a transfer using TierNolan's approach (https://en.bitcoin.it/wiki/Atomic_cross-chain_trading) has ever actually been tested (if anyone has a link that shows such a transaction having taken place then I'd be very interested to see it).
IMO this would really be a "game changer" as it could allow people to trade crypto's directly without an exchange and without risk (beyond having to wait for the "refund" problem that is necessary for TierNolan's solution in case the trade doesn't get finalised).
It wouldn't work fast enough to do "day trading" but for those not in a huge rush the promise of 100% secure transactions with only minimal blockchain fees would be pretty appealing.
What do you guys think?
As far as I can tell no-one has actually built such a system and also so far I can't even tell if such a transfer using TierNolan's approach (https://en.bitcoin.it/wiki/Atomic_cross-chain_trading) has ever actually been tested (if anyone has a link that shows such a transaction having taken place then I'd be very interested to see it).
IMO this would really be a "game changer" as it could allow people to trade crypto's directly without an exchange and without risk (beyond having to wait for the "refund" problem that is necessary for TierNolan's solution in case the trade doesn't get finalised).
It wouldn't work fast enough to do "day trading" but for those not in a huge rush the promise of 100% secure transactions with only minimal blockchain fees would be pretty appealing.
What do you guys think?
I like it the way it is described here:
http://qubic.boards.net/thread/9/fighting-scam
But, yes. Day-Trading could be done only with in-chain-coins.
Even if people dont use BTC which I doubt, they might use other coins like Dodge:)) or they might have other type of assets, shares or something else so a trustless link would rock!
If I was more clever would sugest how to do it but I hope some genius from here can create it.
If I was more clever would sugest how to do it but I hope some genius from here can create it.
I completely forgot about Doge. It will stay there for much longer than Bitcoin...
What do you guys think?
it be the killer addition!
Nxt provides another way to create "altcoins". It does make sense to implement such the feature for BTC-NXT trades... for next 2-3 years. But I doubt anyone will use Bitcoin in 2017.
Even if people dont use BTC which I doubt, they might use other coins like Dodge:)) or they might have other type of assets, shares or something else so a trustless link would rock!
If I was more clever would sugest how to do it but I hope some genius from here can create it.
Although the Nxt Asset Exchange will be a useful addition I think that we are missing something that could be much more useful (and perhaps a "killer" addition) and that is "atomic cross-chain crypto-currency transfers" (some of you would recall I've already mentioned it).
As far as I can tell no-one has actually built such a system and also so far I can't even tell if such a transfer using TierNolan's approach (https://en.bitcoin.it/wiki/Atomic_cross-chain_trading) has ever actually been tested (if anyone has a link that shows such a transaction having taken place then I'd be very interested to see it).
IMO this would really be a "game changer" as it could allow people to trade crypto's directly without an exchange and without risk (beyond having to wait for the "refund" problem that is necessary for TierNolan's solution in case the trade doesn't get finalised).
It wouldn't work fast enough to do "day trading" but for those not in a huge rush the promise of 100% secure transactions with only minimal blockchain fees would be pretty appealing.
What do you guys think?
As far as I can tell no-one has actually built such a system and also so far I can't even tell if such a transfer using TierNolan's approach (https://en.bitcoin.it/wiki/Atomic_cross-chain_trading) has ever actually been tested (if anyone has a link that shows such a transaction having taken place then I'd be very interested to see it).
IMO this would really be a "game changer" as it could allow people to trade crypto's directly without an exchange and without risk (beyond having to wait for the "refund" problem that is necessary for TierNolan's solution in case the trade doesn't get finalised).
It wouldn't work fast enough to do "day trading" but for those not in a huge rush the promise of 100% secure transactions with only minimal blockchain fees would be pretty appealing.
What do you guys think?
This is what I visualized way back in late Nov when I first started reading about NXT, and why I resolved to not be jelly and got in even though I missed genesis
What do you guys think?
Nxt provides another way to create "altcoins". It does make sense to implement such the feature for BTC-NXT trades... for next 2-3 years. But I doubt anyone will use Bitcoin in 2017.
S/he must be a Grandmaster of Cryptography.
That's an argument from authority. That's not how you prove things. Even if Schneider were to say "it looks ok" it doesn't matter much. You prove code by formally verifying it and giving your proof. Someone could post if anonymously and it still would be valid.
There's always the possibility of bugs due to bugs in language implementation itself, or even hardware, but there's no way around that.
Formal code verification is really hard and time-costly. Don't know how much worth the audit should be.
But, I fully agree.
Best proof of your statements: the bugfix versions of JL. If the code would be perfect, because the algo is, there would not be a 0.5.x just a 0.5.
Although the Nxt Asset Exchange will be a useful addition I think that we are missing something that could be much more useful (and perhaps a "killer" addition) and that is "atomic cross-chain crypto-currency transfers" (some of you would recall I've already mentioned it).
As far as I can tell no-one has actually built such a system and also so far I can't even tell if such a transfer using TierNolan's approach (https://en.bitcoin.it/wiki/Atomic_cross-chain_trading) has ever actually been tested (if anyone has a link that shows such a transaction having taken place then I'd be very interested to see it).
IMO this would really be a "game changer" as it could allow people to trade crypto's directly without an exchange and without risk (beyond having to wait for the "refund" problem that is necessary for TierNolan's solution in case the trade doesn't get finalised).
It wouldn't work fast enough to do "day trading" but for those not in a huge rush the promise of 100% secure transactions with only minimal blockchain fees would be pretty appealing.
What do you guys think?
As far as I can tell no-one has actually built such a system and also so far I can't even tell if such a transfer using TierNolan's approach (https://en.bitcoin.it/wiki/Atomic_cross-chain_trading) has ever actually been tested (if anyone has a link that shows such a transaction having taken place then I'd be very interested to see it).
IMO this would really be a "game changer" as it could allow people to trade crypto's directly without an exchange and without risk (beyond having to wait for the "refund" problem that is necessary for TierNolan's solution in case the trade doesn't get finalised).
It wouldn't work fast enough to do "day trading" but for those not in a huge rush the promise of 100% secure transactions with only minimal blockchain fees would be pretty appealing.
What do you guys think?
What are your requirements for an code audit?
The auditor must check that code correctly does what it's supposed to do and doesn't contain flaws.
I would do it.
I was curious of the requirements the auditor shall fulfill.
S/he must be a Grandmaster of Cryptography.
Thought it is about code audit, not algo audit.
S/he must be a Grandmaster of Cryptography.
That's an argument from authority. That's not how you prove things. Even if Schneider were to say "it looks ok" it doesn't matter much. You prove code by formally verifying it and giving your proof. Someone could post it anonymously and it still would be valid.
There's always the possibility of bugs due to bugs in language implementation itself, or even hardware, but there's no way around that.
Everyone feel free to donate to my account to help fund something not yet seen in the world of Nxt that will help people get in touch with ease.
Yes, I am pretty much a stranger here.
Yes, I am quite serious.
In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.
Thank you for listening and keep up all the great efforts!
Yes, I am pretty much a stranger here.
Yes, I am quite serious.
In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.
Thank you for listening and keep up all the great efforts!
Well, a little disappointing that the interest seems to be close to none. I guess that's my own fault, though.
If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).
In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.
Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.
I have the localnxt.com, localnxts.com and a few other similar domains. If you're interested contact me.
What are your requirements for an code audit?
The auditor must check that code correctly does what it's supposed to do and doesn't contain flaws.
I would do it.
I was curious of the requirements the auditor shall fulfill.
S/he must be a Grandmaster of Cryptography.
Well, a little disappointing that the interest seems to be close to none. I guess that's my own fault, though.
If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).
In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.
Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.
This is a good idea, but why NXT-only exchange specifically? You could support everything. If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).
In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.
Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.
Also, why ask for donations? You don't believe it can be profitable? I think you will get funds if you were to sell shares.
What are your requirements for an code audit?
The auditor must check that code correctly does what it's supposed to do and doesn't contain flaws.
I would do it.
I was curious of the requirements the auditor shall fulfill.
Everyone feel free to donate to my account to help fund something not yet seen in the world of Nxt that will help people get in touch with ease.
Yes, I am pretty much a stranger here.
Yes, I am quite serious.
In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.
Thank you for listening and keep up all the great efforts!
Yes, I am pretty much a stranger here.
Yes, I am quite serious.
In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.
Thank you for listening and keep up all the great efforts!
Well, a little disappointing that the interest seems to be close to none. I guess that's my own fault, though.
If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).
In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.
Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.
I have the localnxt.com, localnxts.com and a few other similar domains. If you're interested contact me.
What are your requirements for an code audit?
The auditor must check that code correctly does what it's supposed to do and doesn't contain flaws.
How about contacting D. J. Bernstein himself to see if he can check the implementation
http://cr.yp.to/djb.html
He designed curve25519 so no one would know better than him.
http://cr.yp.to/djb.html
He designed curve25519 so no one would know better than him.
It's more about Java implementation than about Curve25519.
What are your requirements for an code audit?
Everyone feel free to donate to my account to help fund something not yet seen in the world of Nxt that will help people get in touch with ease.
Yes, I am pretty much a stranger here.
Yes, I am quite serious.
In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.
Thank you for listening and keep up all the great efforts!
Yes, I am pretty much a stranger here.
Yes, I am quite serious.
In the unlikely event that nothing useful (product launch) will come out of this until February 28, I'll send any donation back to the donor, minus transaction fee matching the fee paid in the originating transaction.
Thank you for listening and keep up all the great efforts!
Well, a little disappointing that the interest seems to be close to none. I guess that's my own fault, though.
If you are curious what I want to do and why donating makes sense:
I want to create a person-to-person exchange for NXT, similar to the functionality of LocalBitcoins.com, providing a secure and easy way to trade NXT (for fiat).
In case you have any wishes or suggestions on how you would want to use it and what to expect from such a service, please let me know.
Also, I remember there being at least one bounty offered for accomplishing this task. Are these offers still valid?
Of course the idea itself is interesting enough to invest effort and time, yet neither infrastructure is for free nor do my living expenses pay for themselves once I go full time on this project.
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